30828, Warrenton, GA

The 30828 zip code of Warrenton, GA has a median home value of $101,000. This is lower than the national median home value of $177,500. The 30828 zip code also has a lower than average home equity rate of 58%. This means that homeowners in this zip code have less equity in their homes than most other Americans.

The main reason for this low equity rate is likely due to the high levels of mortgage debt in the area. Over 60% of all mortgages in the 30828 zip code are owned by people who owe more on their mortgages than their homes are worth. This high level of mortgage debt can make it difficult for homeowners to sell or refinance their homes, which can lead to a low equity rate.

Despite these challenges, there are some reasons why homeowners in the 30828 zip code may be able to maintain a relatively high level of home equity. For example, many people in this area have been able to keep their homes since the housing market crashed in 2008/2009. Additionally, Warrenton is an affluent community and many homeowners here have been able to invest money into their homes over time (for example, by adding landscaping or updating fixtures). As long as these trends continue, it's likely that homeowners in the 30828 zip code will be able to maintain a relatively high level of home equity even if the overall housing market declines again.